update on GBP/NZD position @stopscalping.com
as you can see, price has gone in our favour.... for now. to be honest I just made this post because I have finally broken out the short term trading mindset. and it has taken me a year to realise this, I spent so many hours looking at videos from traders like " how to get better entries in forex", "winning RSI divergence strategy", "how to use moving average crossover", and each time I would stay up late practicing and after a couple weeks I would change strategy. and the worst part was that I was day trading these strategies which made it even worse. I was going round in circles for months, hoping I find a strategy that FINALLY work, I was ready to try anything. I always seen the forex you tubers trading on the 4hr timeframe - daily timeframe however I was to arrogant to to listen because I came into forex seeking quick profits and was sure it was still out there. but after a 13 months of seeking something that doesn't exist I have gone DIMENSIONS better. it took about 1 month for me to make the transition but I have now left the retail traders mindset.
now, I focus on the long term aspect by focusing on the daily timeframe for my price analysis and entry, I have a 1:10 risk to reward ratio where my stop loss is 100 pips and my take profit is 1000 pips. I have completely removed all indicators and focused on the actual flow and trend of money solely based from the candlesticks, and I FINALLY have a strategy were I trade breakouts which I backtested and works more time than it fails. I'm not saying that I am a profitable trader yet however I can nw confidently say that I am no longer a typical "retail" trader who are easy targets for brokers and course sellers. I'm ready to start my journey. thanks for reading
now, I focus on the long term aspect by focusing on the daily timeframe for my price analysis and entry, I have a 1:10 risk to reward ratio where my stop loss is 100 pips and my take profit is 1000 pips. I have completely removed all indicators and focused on the actual flow and trend of money solely based from the candlesticks, and I FINALLY have a strategy were I trade breakouts which I backtested and works more time than it fails. I'm not saying that I am a profitable trader yet however I can nw confidently say that I am no longer a typical "retail" trader who are easy targets for brokers and course sellers. I'm ready to start my journey. thanks for reading
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.